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  • Exam Number/Code : IAA-IAP
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  • Questions and Answers : 260 Q&As
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NEW QUESTION: 1
The customer wants to continue legacy document numbers in the new SAP Business One system with no breaks.
What would you recommend? Note: There are 2 correct answers to this question.
A. Use the primary series with a prefix for the legacy numbers
B. Use the primary series and change the starting number
C. Use the manual numbering series and enter the legacy numbers
D. Define a new series starting with the next legacy number
Answer: C,D

NEW QUESTION: 2
In the absence of bankruptcy and agency costs and signaling actions, tax deductibility of interest payments implies that the optimal debt ratio should be:
A. 100%
B. 50%
C. none of these answers
D. zero
Answer: A
Explanation:
Explanation/Reference:
Explanation:
If there are no costs to increased debt, such as bankruptcy costs, and no signaling effects in a firm's decisions about the capital structure, then a firm would try to maximize the benefits of the debt shield i.e.
the deductibility of interest payments. This implies a debt ratio of 100%.

NEW QUESTION: 3

A. Option B
B. Option C
C. Option A
Answer: A

 

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New IAA-IAP Test Tutorial, IAA-IAP Reliable Exam Pattern | Internal Audit Practitioner Customizable Exam Mode - Cads-Group


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